By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
DailynewsegyptDailynewsegypt
  • Home
  • Business
    BusinessShow More
    Egypt, KOICA sign $8m agreement to enhance educational capacity of Beni-Suef Technological University
    Egypt, KOICA sign $8m agreement to enhance educational capacity of Beni-Suef Technological University
    September 21, 2023
    GIZ, Enactus Egypt launch ‘NextGen Onboard’ programme to bridge skills gap
    GIZ, Enactus Egypt launch ‘NextGen Onboard’ programme to bridge skills gap
    September 21, 2023
    Emirati Businessman Alabbar seeks to acquire state-run real estate company in Egypt
    Emirati Businessman Alabbar seeks to acquire state-run real estate company in Egypt
    September 21, 2023
    Rolling Plus signs contract to establish tire factory with €1bn investments in SCZONE
    Rolling Plus signs contract to establish tire factory with €1bn investments in SCZONE
    September 21, 2023
    CBE to decide on interest rate on Thursday amid high inflation
    CBE to decide on interest rate on Thursday amid high inflation
    September 20, 2023
  • Politics
    PoliticsShow More
    Egyptian Health Minister highlights country's interest in local drug manufacturing
    Egyptian Health Minister highlights country’s interest in local drug manufacturing
    September 21, 2023
    Egypt leads meeting to urge global support for Sudan’s humanitarian crisis
    Egypt leads meeting to urge global support for Sudan’s humanitarian crisis
    September 20, 2023
    Egypt and EU co-chair GCTF meeting, reaffirm commitment to fighting terrorism
    Egypt and EU co-chair GCTF meeting, reaffirm commitment to fighting terrorism
    September 20, 2023
    Children dying in Sudan amid healthcare system collapse
    Children dying in Sudan amid healthcare system collapse
    September 20, 2023
    Egypt to announce presidential election timetable on Monday
    Egypt to announce presidential election timetable on Monday
    September 20, 2023
  • Interviews
    InterviewsShow More
    Microsoft Egypt aims to provide advanced AI models, build solid AI ecosystem: Mirna Arif
    Microsoft Egypt aims to provide advanced AI models, build solid AI ecosystem: Mirna Arif
    September 18, 2023
    I love privacy, and I am not concerned about competition: Yasmine Sabry
    I love privacy, and I am not concerned about competition: Yasmine Sabry
    September 14, 2023
    Sustainability, digital transformation at the heart of our strategy: Heidelberg Materials Egypt
    Sustainability, digital transformation at the heart of our strategy: Heidelberg Materials Egypt
    September 12, 2023
    India welcomes Egypt's BRICS membership: Boosting trade, investment, and access to strategic commodities
    India welcomes Egypt’s BRICS membership: Boosting trade, investment, and access to strategic commodities
    September 11, 2023
    The box office is not a measure of success: Basma Hassan
    The box office is not a measure of success: Basma
    September 6, 2023
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Reading: Egypt, France sign development finance agreements worth €1.7bn in 2021
Share
Notification
Latest News
Egypt, KOICA sign $8m agreement to enhance educational capacity of Beni-Suef Technological University
Egypt, KOICA sign $8m agreement to enhance educational capacity of Beni-Suef Technological University
Business
Egyptian Health Minister highlights country's interest in local drug manufacturing
Egyptian Health Minister highlights country’s interest in local drug manufacturing
Politics Egypt
GIZ, Enactus Egypt launch ‘NextGen Onboard’ programme to bridge skills gap
GIZ, Enactus Egypt launch ‘NextGen Onboard’ programme to bridge skills gap
Business
Emirati Businessman Alabbar seeks to acquire state-run real estate company in Egypt
Emirati Businessman Alabbar seeks to acquire state-run real estate company in Egypt
Business
Rolling Plus signs contract to establish tire factory with €1bn investments in SCZONE
Rolling Plus signs contract to establish tire factory with €1bn investments in SCZONE
Business
Aa
Aa
DailynewsegyptDailynewsegypt
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Have an existing account? Sign In
Follow US
  • Advertise
© 2023 DNE News. All Rights Reserved.
Dailynewsegypt > Blog > Business > Egypt, France sign development finance agreements worth €1.7bn in 2021
Business

Egypt, France sign development finance agreements worth €1.7bn in 2021

Daily News Egypt
Last updated: 2022/02/16 at 11:12 PM
By Daily News Egypt 2 Min Read
Share
SHARE

Minister of International Cooperation Rania Al-Mashat announced this week that Egypt and France signed development funds worth €1.7bn during 2021.

Al-Mashat’s remarks came during her meeting with members of the French Chamber of Commerce and Industry in the presence of French Ambassador to Cairo Marc Baretti.

In December 2020, President Abdel Fattah Al-Sisi visited France to meet with French President Emmanuel Macron, after which they signed many development agreements.

“During the visit of Bruno Le Maire, the French Minister of Economy and Finance; and Rémy Rioux, the CEO of French Development Agency (AFD); and their accompanying delegation last June, new development financing agreements were signed in light of the 2021/25 strategy, as the new financing package amounted to €1.76bn, with €776m coming from the French treasury and €990m from the AFD,” Al-Mashat stated.

According to the minister, it is scheduled that this new package will finance many development projects in various fields, such as transportation, agriculture, drinking water, sanitation, electricity, and energy.

Al-Mashat also stated that the Egyptian-French partnership paves the way for more cooperation between the private sectors of both countries.

Furthermore, she revealed that France’s total investments in Egypt amount to about $5.5bn in various fields, such as infrastructure, industry, renewable energy, communications, information technology, banking, and insurance. 

You Might Also Like

Egypt, KOICA sign $8m agreement to enhance educational capacity of Beni-Suef Technological University

GIZ, Enactus Egypt launch ‘NextGen Onboard’ programme to bridge skills gap

Emirati Businessman Alabbar seeks to acquire state-run real estate company in Egypt

Rolling Plus signs contract to establish tire factory with €1bn investments in SCZONE

CBE to decide on interest rate on Thursday amid high inflation

TAGGED: france
Share this Article
Facebook Twitter Email Print
Previous Article CBE reveals reasons for high inflation in January 2022
Next Article CIAM aims to launch 3 funds with target volume of EGP 1bn in 2022
Ad image
Ad image

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Latest News

Egypt, KOICA sign $8m agreement to enhance educational capacity of Beni-Suef Technological University
Egypt, KOICA sign $8m agreement to enhance educational capacity of Beni-Suef Technological University
Business
Egyptian Health Minister highlights country's interest in local drug manufacturing
Egyptian Health Minister highlights country’s interest in local drug manufacturing
Politics Egypt
GIZ, Enactus Egypt launch ‘NextGen Onboard’ programme to bridge skills gap
GIZ, Enactus Egypt launch ‘NextGen Onboard’ programme to bridge skills gap
Business
Emirati Businessman Alabbar seeks to acquire state-run real estate company in Egypt
Emirati Businessman Alabbar seeks to acquire state-run real estate company in Egypt
Business
//
Egypt’s only independent daily newspaper in English. Discuss the country’s latest with the paper’s reporters, editors, and other readers.

Quick Link

  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

© 2023 DNE News. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?